Atlanta's fastest
apartment rent growth is occurring in far - flung small towns on the metro's east side, places like Conyers, Covington, Loganville and Winder.
In looking at metro trends over the last two years, we noted that one metro that saw one of the sharpest
apartment rent growth rates in 2015 was Oakland, Calif..
The metro areas that saw the highest growth rates were the same ones that saw the sharpest
apartment rent growth for the same period.
Both Dallas and Denver saw GDP growth rates of 4.5 percent, and
apartment rent growth of 7.5 percent (Denver) and 4.6 percent (Dallas).
Rounding out the top five metros, San Francisco and San Jose recorded per capita GDP growth rates of 9.3 percent and 6.2 percent respectively, in line with
apartment rent growth rates of 6.8 percent and 8.8 percent.
There certainly hasn't been a shortage of articles highlighting how remarkably strong
apartment rent growth has been during this current cycle.
#bostonrealestate By the Numbers:
Apartment Rent Growth vs. Wage Growth - What a difference a decade makes!
The Charlotte apartment market turned in an impressive
apartment rent growth performance during Q2 2014 thanks to meaningful growth in every product niche and across all neighborhoods.
Like most spots across the country, metro Charlotte turned in an impressive
apartment rent growth performance during 2nd quarter 2014.
«The flood of new construction in 2017 is placing downward pressure on rents in some markets, specifically New York and San Francisco, which have been struggling with
apartment rent growth,» says S&P's Yanushevsky.
Not exact matches
With relatively low median wages, some of the
rent growth in Austin is expected from an increase in high - paid workers who will
rent more expensive
apartments, pulling the median
rent up.
In order to predict the impact of the Amazon HQ2 on
rent growth,
Apartment List estimates the impact that a larger and higher - paid workforce will have in different metros.
The KPMG report reveals that golf resorts that offer accommodation in
rented villas or
apartments across the European Mediterranean region, now account for more than 15 % of the market with more
growth expected.
In contrast to prices,
apartment rents have shown little or no
growth over recent years.
Nice Axiometrics chart posted by MFE Mag showing the top
apartment building investment markets for
rent growth and employment
growth.
Employment
growth is one of the key drivers of a good
apartment market but it can be overrun by Continue reading Nice chart of top Apartment Building Investment markets for rent and employmen
apartment market but it can be overrun by Continue reading Nice chart of top
Apartment Building Investment markets for rent and employmen
Apartment Building Investment markets for
rent and employment
growth.
In an update to our earlier update on top markets, Axiometrics has put out a report on the top 5
apartment building investment markets for
rent growth by asset class.
WASHINGTON, DC Average software engineer salary offer: $ 110,389 Average commute time: 29 Average monthly
rent for a 1 bedroom
apartment: $ 2,210 Median home price: $ 526,100 Projected 5 - year job
growth: 6 %
SEATTLE Average software engineer salary offer: $ 128,268 Average commute time: 24 Average monthly
rent for a 1 bedroom
apartment: $ 1,750 Median home price: $ 537,000 Projected 5 - year job
growth: 3 %
LOS ANGELES Average software engineer salary offer: $ 124,200 Average commute time: 28 Average monthly
rent for a 1 bedroom
apartment: $ 1,950 Median home price: $ 587,000 Projected 5 - year job
growth: 2 %
SAN FRANCISCO Average software engineer salary offer: $ 135,853 Average commute time: 29 Average monthly
rent for a 1 bedroom
apartment: $ 3,420 Median home price: $ 1,150,000 Projected 5 - year job
growth: 1 %
DENVER Average software engineer salary offer: $ 119,214 Average commute time: 24 Average monthly
rent for a 1 bedroom
apartment: $ 1,180 Median home price: $ 350,000 Projected 5 - year job
growth: 2 %
AUSTIN Average software engineer salary offer: $ 115,035 Average commute time: 22 Average monthly
rent for a 1 bedroom
apartment: $ 1,180 Median home price: $ 328,000 Projected 5 - year job
growth: 7 %
SAN DIEGO Average software engineer salary offer: $ 108,625 Average commute time: 22 Average monthly
rent for a 1 bedroom
apartment: $ 1,500 Median home price: $ 495,000 Projected 5 - year job
growth: 3 %
The number of
apartments available will finally grow decisively faster than the number of people looking for
apartments, pushing vacancy rates higher and
rent growth down, experts says.
Experts thought all the new supply would stop the fast
growth in
apartment rents.
«I think you'd still see some positive
rent growth, but not as much as we'd like,» says Albert Campbell, CFO of Memphis - based Mid-America
Apartment Communities, referring to such sluggish hiring over the longer term.
«The growing supply of new
apartments, primarily in the Class A space, appears to have finally reached a level to slow the historically high
rent growth,» said NMHC Chief Economist Mark Obrinsky in a statement on the survey.
Markedly, 84 percent of respondents to the survey reported
rent growth for Class B and C
apartments as «much stronger» or «somewhat stronger» than that of Class A
apartments, which, as Obrinsky noted, have seen higher supply.
Rent growth is slowing the most in a handful of cities where developers have opened thousands of new
apartments recently.
We think
rent growth is also likely to bolster operating performance for rental
apartment landlords in Germany and for high - quality retail property portfolios in Europe and Australia.
Rent growth and the average vacancy rate for
apartments have only changed a little.
He told me that he could not anticipate
rent growth anywhere near the magnitude to accommodate OPEX
growth, and with this being said, he wasn't sure how to underwrite
apartments nor why so many people are buying so much junk.
New
apartment communities that open their doors in 2017 will probably still enjoy a strong U.S.
apartment market — despite a slightly higher vacancy rate and slower
rent growth...
But strong
rent growth and relatively healthy occupancy rates in the
apartment sector continue to attract investors, who are then frustrated by the relatively small number and high asking prices of
apartment properties available for sale.
However, Muoio is quick to point out that the
apartment segment and nearly every market still enjoy very healthy fundamentals and the outlook is solid for
growth in effective
rents.
Slower job
growth is also slowing the
growth of
rents in the San Francisco Bay Area, which has been home to some of the strongest
apartment markets in the country.
New York City is another major market where
rent growth is slowing down as developers open new
apartments.
While prospects look promising for further solid
rent growth in Charlotte's middle - market and bottom - tier
apartments, it's likely to be more difficult to push pricing at the very top of the product spectrum over the near term.
MPF Research reports that the U.S.
apartment sector continues to post strong fundamentals even as new supply levels ramp up — with occupancy registering around 95 % and annual
rent growth around 3 % for the seventh consecutive quarter.
How was the
rent growth on your
apartment portfolio?
The lease - transaction data provides insights into the daily renewal, lease trade - out, in - place
rent,
rent roll
growth, retention rate, average vacant day and affordability data collected from more than 10 million
apartment units.
Are you surprised by the
apartment markets appearing on this
rent growth list?
Garden
apartments, defined as properties of one to three stories, register 3.1 %
rent growth for 2017, versus 1.4 %
rent increases in mid-rise read more
Despite much slower
growth in lower - tier product in the current cycle, operators of Class C
apartments cut
rents 2.7 % in 2017.
Asking
rent growth for seniors housing reached a cyclical low of 0.8 percent in the fourth quarter of 2010, which was well above the cyclical lows of the core commercial real estate types of
apartments and offices, of -2.3 percent and -4.8 percent, respectively.
Apartment occupancy rates and
rent growth levels ticked up in 3rd quarter 2013 in the nation's core 100 metros — keeping the industry in strong shape in advance of the oncoming pickup in supply.
Find out more about what's driving the San Francisco housing scene and weigh property price appreciation and
apartment rent price
growth there to the best cities nationwide.
Robust
rent growth has accompanied tight occupancy for eight straight quarters, even as the pace of
apartment completions has remained read more
A vast majority of cities — 210 of 250 — surveyed by
apartment search website RentCafe saw annual
rent growth last month, with Tacoma coming in fourth on the site's list of cities with the fastest growing
rents.